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Global Automated Material Handling Equipment Market Analysis and Forecast, 2023-2028
By: RationalStat LLC
RationalStat has conducted a detailed market analysis on the global automated material handling equipment market. The market analysis is done on the basis of type, geography, application and regions (incl. North America, Latin America (including the Caribbean), Western Europe, Eastern Europe and Middle East & Africa. The report provides global and regional market sizes for the historic period 2019-2022, and forecasts 2023-2028.
The period covered includes data from 2019 to 2028, along with annual demand estimates
The report on the automated material handling equipment market analyzes the market based on global economic conditions, regional geopolitics and trade duties. It also includes market development, mergers and purchases, product launches, policies of the government, new capacity additions, technological advances, R&D investment, and new entry.
Macroeconomic Scenario, and the Impact of COVID-19 On Regional Economic Sentiment
In the latest RationalStat report, inflation and geopolitical conflict are the most cited risks. However, in Europe and elsewhere, concerns over the volatility of energy prices dominate. Inflation, unstable energy prices, supply-chain disruptions, geopolitical instabilities, labor shortages and rising interest rates are some of the risks that could affect the growth of economies in major regions such as Asia Pacific, Europe and North America.
Aside from this, global economic growth in 2022 slowed to 3.3%. This was lower than anticipated at the end 2021. The main reason for the slowdown is the war in Ukraine by Russia and the cost of living crisis that has been associated with it in many countries. During the forecast period, an improvement in economic activity is expected. The growth rate is expected to be lower in 2023-2024 at 2,6% and 2,9%, respectively.
Competition Analysis and Market Structure
Some of the prominent players that contribute significantly to the automated material handling equipment market growth include Daifuku Co. Ltd, Kardex Group, KION Group AG, JBT Corporation, Jungheinrich AG, TGW Logistics Group GmbH, SSI Schaefer AG, KNAPP AG, Mecalux SA, System Logistics SpA. and among others.
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About RationalStat LLC
RationalStat is an end-to-end global market intelligence and consulting company that provides comprehensive market research reports, customized strategy, and consulting studies. The company has sales offices in India, Mexico, and the US to support global and diversified businesses. The company has over 80 consultants and industry experts, developing more than 850 market research and industry reports for its report store (https://store.rationalstat.com/
Kimberly Shaw, Content and Press Manager
Phone: +1 302 803 5429